Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87,3 million euros ($113 million), or a 48 percent premium on Loewe's closing price on Friday of 4.5390 euros.

Both Apple and Loewe could not immediately be reached for comment.

Loewe has a market capitalization of 59.1 million euros, according to Thomson Reuters data. ($1 = 0.7726 euros)